What requires customers to send their payments to a post office box located in the are near where they live rather than directly to the firm is called:

Question

Quizplus · Accepted Answer

The term that describes customers sending payments to a post office box located near their residence instead of directly to the company, is referred to as a "lockbox arrangement". A lockbox is a service provided by banks that enable companies to receive payments from customers via post office boxes. This speeds up payment processing and allows companies to manage their cash inflows more efficiently.

What Requires Customers to Send Their Payments to a Post